Southern Indiana Real Estate Blog

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Southern Indiana Real Estate Market Report 9/7/08

Hello everyone.  I hope you are all having a great afternoon!  Have you seen the weather outside?  If not, get out there and enjoy it.  It is absolutely gorgeous!

Anyway, back to the subject at hand.  Below are the numbers for our local Southern Indiana area.  I will publish and track these numbers each week so that we can all stay on top of where the market is headed.  You can also view the numbers for Greater Louisville and the Elizabethtown / Ft. Knox areas by clicking here.

The numbers for Southern IN are as follows as of Sunday, September 7, 2008:

Active Listings Stats

  • 2,660 homes currently on the market
  • $175,711 is the average list price of those homes
  • There is currently 13.8 months of inventory*

    Last 30 Days Stats

  • 193 homes sold
  • The average sales price was $137,257
  • The Sales Price vs. List Price was 96.3%+
  • The average Days on Market was 108
  • There were 517 new listings on the market
  • There were 366 listings that were either canceled, withdrawn or expired

    Last 12 Months Stats

  • 2,816 homes sold
  • The average sales price was $131,762
  • The Sales Price vs. List Price was 96.3%+
  • The average Days on Market was 105

*Months of inventory is calculated by dividing the current inventory by the amount of homes sold the previous 30 days

+Sales Price vs. List price is determined by dividing the average sales price into the average list price of homes sold

Southern Indiana Area is primarily Clark, Floyd, Harrison and surrounding Indiana counties just north of the Ohio River.  Information is deemed reliable but not guaranteed. These statistics include single family homes and condos only.

Your Best Move for Southern Indiana Real Estate

Brett Mumaw REALTOR®

Semonin Realtors

3707 Charletown Rd. Suite 1A

New Albany, IN 47150

(812) 542-9057 Office

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Comment balloon 0 commentsBrett Mumaw • September 10 2008 02:52PM

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